Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (797)	8/5/1997 1:01:00 PM
From: RonN	of 1017

This has to be one of the biggest run-ups I've seen for cwei. But, since I'm the ultimately known as a pessimist, can a 10Q be enough to cause such momentum or are there other things to consider here? I know the price of oil is up, but Iraq is also being allowed to release some of theirs onto the market (I believe today) so I would think that would have a negative impact. Also there are still 3 hold ratings according to zacks: one we can account for in Paul Ferretti/anb-amro formerly of rodman renshaw. The other 2 are Morgan Keeg and PaineWebber who, according to Lujuanda H. of investor relations, have holds due to some extreme downs in 1994/95. Geez, talk about holding a grudge. I can't wait for the Hanifen report also, Lujuanda was kind enough to forward me a copy that should arrive soon. I'll pass along anything pertinent. --RonN

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